Government Pension Fund Global raised its stake in SBI Cards and Payment Services from 1.30% to 1.80%, purchasing 48,09,329 shares.
A leading credit card issuer in India, SBI Cards and Payment Services Limited provides consumer credit card solutions and payment services across the country. Operating as a systemically important non-deposit accepting NBFC registered with the RBI, the company is headquartered in Gurgaon, Haryana. It functions as a subsidiary of the State Bank of India, leveraging its parent's extensive banking network and established customer relationships to drive card issuance and financial services delivery.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.
